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Property, Plant and Equipment
3 Months Ended
Sep. 30, 2015
Property, Plant and Equipment  
Property, Plant and Equipment

Note 7.  Property, Plant and Equipment

 

Property, plant and equipment at September 30, 2015 and June 30, 2015 consisted of the following:

 

(In thousands)

 

Useful Lives

 

September 30,
2015

 

June 30,
2015

 

Land

 

 

$

5,891

 

$

5,891

 

Building and improvements

 

10 - 39 years

 

51,591

 

51,446

 

Machinery and equipment

 

5 - 10 years

 

52,614

 

47,681

 

Furniture and fixtures

 

5 - 7 years

 

1,304

 

1,748

 

Construction in progress

 

 

29,381

 

28,228

 

 

 

 

 

 

 

 

 

Property, plant and equipment, gross

 

 

 

140,781

 

134,994

 

 

 

 

 

 

 

 

 

Less accumulated depreciation

 

 

 

(42,160

)

(40,438

)

 

 

 

 

 

 

 

 

Property, plant and equipment, net

 

 

 

$

98,621

 

$

94,556

 

 

 

 

 

 

 

 

 

 

 

 

During the three months ended September 30, 2015 and 2014, the Company had no impairment charges.  Property, plant and equipment, net included amounts held in foreign countries in the amount of $1.1 million and $1.2 million at September 30, 2015 and June 30, 2015, respectively.